The International Monetary Fund (IMF) said on Friday (21 Oct) that it would send a team to Dhaka to start discussions with the Bangladeshi authorities on economic and financial reforms and policies, media reported based on a statement of the IMF.
The team will be led by Rahul Anand, IMF Mission Chief to Bangladesh, during its visit from 26 October to 9 November.
The objective of the visit is to progress toward a staff-level agreement on a prospective Extended Credit Facility/Extended Fund Facility program and access under the newly created Resilience and Sustainability Facility (RSF) in the coming months, the statement added.
The RSF aims to provide affordable, long-term financing to help build resilience against climate risks in countries highly vulnerable to climate change, such as Bangladesh.
IMF staff would also continue the engagement with other stakeholders during the visit. This is the first mission and program discussion that could continue over the coming months.